Legendry management professional and business executive Ashishkumar Chauhan Comments on the Union Budget 2016
5% to 15%
BSE welcomes the proposal to increase the stake a foreign exchange can hold in an Indian exchange from 5% to 15% to bring it on par with Indian entities. This is expected to improve the functioning of Indian stock exchanges and bring them on par with the best exchanges in the world. This will also help attract more investments in India by creating stronger links with the best foreign exchanges.

STT
This is a move in the right direction. However, the minor increase of STT on option premium from 0.017% to 0.05% is not expected to move the balance away from derivatives in India to the underlying equity market. Therefore, the current structure of the market should remain intact going forward.